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Articles on Oil

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Agriculture remains the major source of employment in Ghana, even though its share in the economy has been in steady decline. Reuters/Thierry Gouegnon

Ghana needs a new strategy to create decent jobs and reduce inequality

Economic growth is a necessary condition for development. But it can only pass the sufficient condition test if growth translates into high-earning jobs. Ghana’s recent history illustrates this.
The U.S. oil industry is in the doldrums, but there’s not much the next (or current) president can do about it. www.shutterstock.com

How much can the next president influence the U.S. energy system?

The next president will have little power to slow the growth of renewable energy, sliding oil prices or coal’s decline.
South Sudan is a landlocked country with poor infrastructure. Joining the East African Community will open new avenues for trade. Reuters/Adriane Ohanesian

What South Sudan will gain from joining the East African Community

Countries like Rwanda have shown that regional integration can enhance growth and reduce poverty. South Sudan should follow its lead in its engagement with the East African Community.
The Australian government seems to think fossil fuels need help, when businesses are deciding otherwise. Coal image from www.shutterstock.com

Fossil fuel growth centre harks back to old ideas about climate costs

Do fossil fuels need saving from efforts to combat climate change? The Australian government seems to think so, but that sort of thinking is out of date.
A White House proposal to tax crude oil would address the U.S.’s perennially underfunded highway maintenance program. scottummy/flickr

How should America fund its highways in the 21st century?

Obama’s proposal to add $10 tax to crude oil raises the thorny question of whether the U.S. can continue to fund its highway infrastructure with a fuel tax that hasn’t changed since 1993.
Current conditions make for a wild ride for investors. Scott Ableman/Flickr

Vital Signs: expect more turmoil

Low inflation gives the RBA scope to cut rates in coming months but a lot will turn on whether we continue to see persistently weak GDP growth.
Oil’s continuing slide so far isn’t leading to lower U.S. production, but concerns are growing that it’ll drive some out of business. Reuters

Why do oil prices keep going down?

Producers keep pumping more oil, even as prices are falling to fresh 12-year lows every day. What’s driving this?

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